MIRA INFORM
REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
GREAT
CHAMP INTERNATIONAL TRADING
LTD |
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Registered Office : |
c/o Keda
Industrial (Hong Kong) Ltd., Room 2104, 21/F., |
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Country : |
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Date of Incorporation : |
03.06.2010 |
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Com. Reg. No.: |
52491388 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of machinery and equipment |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
GREAT CHAMP INTERNATIONAL
TRADING LTD.
Company ADDRESS
c/o Keda Industrial (
Room 2104, 21/F.,
PHONE: 2417 1739, 2866 6933
FAX: 2866 6166
MANAGEMENT
Representative: Mr. Jack Lai
SUMMARY
Incorporated on: 3rd June, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 8. (Including affiliates)
Main Dealing Banker: Bank of
Banking Relation: Too early to comment.
company ADDRESS
Registered Head Office:-
c/o Keda Industrial (
Room 2104, 21/F.,
Affiliated/Associated Companies:-
Champ Will Development
Ltd.,
Foshan Keda Steel Machine
Works,
Keda Industrial (Hong
Kong) Ltd.,
Keda Industrial Co. Ltd.,
BUSINESS REGISTRATION NUMBER
52491388
COMPANY FILE NUMBER
1464502
MANAGEMENT
Representative: Mr. Jack Lai
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry dated 03-06-2010)
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Name |
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No. of share |
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GNL10 Ltd., |
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1 = |
DIRECTOR
(As per registry dated 15-06-2010)
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Name |
Address |
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Nobel Asia Holdings Ltd. |
OMC Chambers, Wickhams Cay I, |
SECRETARY
(As per registry dated 15-06-2010)
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Name |
Address |
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H & R Block (HK) Ltd. |
Room 504, 5/F., |
0113523 |
HISTORY
The subject was incorporated on 3rd June, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Initially the subject’s registered address was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong, moved to the present address with effect from 15th June, 2010.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of machinery and equipment.
Employees: 8. (Including affiliates)
Commodities Imported:
Markets: Other
Asian countries,
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Unknown
Commercial Morality: Too early to comment.
Banker: Bank
of
Standing: Small.
GENERAL
Having issued 1 ordinary share of HK$1.00, Great Champ International Trading Ltd. is wholly-owned by GNL10 Ltd. which is a nominee firm.
The
subject does not have its own operating office.
Its registered office is in a Hong Kong-registered firm located at Room
2104, 21/F.,
It
is likely that the subject is an affiliated company of Keda HK. Keda HK is a wholly-owned subsidiary of Keda
Industrial Co. Ltd. [Keda] which is a listed firm in
Keda
has had a main factory in
Keda is principally engaged in the manufacture and sale of machinery products. Its machinery products include ceramics machinery, energy resource machinery, stone machinery and building materials processing machinery. The ceramics machinery products include cloth processing machine, turn over machine, desiccator, drying apparatus, furnace, buffing machine, edge grinding machine, testing equipment, stacking apparatus and others. Keda’s products are distributed within the domestic and to overseas markets.
As of 31st December, 2009, Keda had four major subsidiaries/associates, primarily engaged in the provision of stone machinery, new energy machinery and construction ceramics machinery, among others.
Keda
HK is managed by Mr. Bian Cheng who is a
For the year ended 31st December, 2009, the principal operating revenue of Keda was RMB1,425.7 million Yuan (2008: RMB1,159.8 million); profit attributable to shareholders was RMB179.9 million Yuan for the year (2008: RMB149.1 million Yuan).
It is likely that the subject is trading in the products of Keda and responsible for sourcing raw materials for it.
The
subject’s business in
Since the subject does not have its own operating office and has a short history in Hong Kong, consider it good for business engagements on secured basis.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.61 |
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|
1 |
Rs.73.28 |
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Euro |
1 |
Rs.65.47 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.